Gold as an investment

[ironglow]

 Thanks Heather;
  Most of the things you talked about, I have done. Still no clear answers. Some local folks said "real estate"...but I live in the "people's Republik of New York" and the politicians here are working overtime, trying to drive residents out of state...so I wonder how well real estate in NY will fare.

  BTW: I live in NY State, but I am about as far from NY City as is Richmond, VA..but we still suffer because of them.

[Chilachuck]

Jimster, I've had this argument a dozen times over.

Only an idiot puts all his money in a single item. Gold is good sometimes, land is good sometimes, water and gasoline are good sometimes, nothing is a good investment all the time.

The argument usually gets around to "which would you rather carry, gold or ammo?"

Pull out a loading scale (you have one, right?). One troy ounce, what gold is measured in, is 480 grains. See how many center fire loads make up 480 grains. About 2, right? About ten .22LRs?

I'd rather carry both. Gold an ammo are not allergic to each other; you can carry both in your pocket at once.